About Drillbit
Drillbit is a company based in Wilmington (United States) founded in 2023 by Alexander Seutin. Drillbit has raised $500 thousand across 1 funding round from investors including Y Combinator. Drillbit offers products and services including AI Agents, Quoting Engine, Lead Management, and Integrated Payments. Drillbit operates in a competitive market with competitors including ServiceTitan, Jobber, Hearth, BuildOps and Jobox, among others.
- Headquarter Wilmington, United States
- Founders Alexander Seutin
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Jun 01, 2024
- Investors
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Employee Count
Not available
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Products & Services of Drillbit
Drillbit offers a comprehensive portfolio of products and services, including AI Agents, Quoting Engine, Lead Management, and Integrated Payments.
Automates lead qualification and adds to CRM for businesses.
Converts job descriptions into detailed quotes quickly.
Captures and summarizes leads from calls and forms.
Handles automatic payment requests and follow-ups.
Funding Insights of Drillbit
Drillbit has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Drillbit
Drillbit has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
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Early-stage startups are accelerated via funding and educational programs.
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Investor details for Drillbit
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Investments & Acquisitions by Drillbit
Investment portfolio details for Drillbit
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Financial Statements - Drillbit
Detailed financials for Drillbit
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Drillbit Comparisons
Peer comparison for Drillbit
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Competitors of Drillbit
Drillbit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ServiceTitan, Jobber, Hearth, BuildOps and Jobox, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Business management software is offered for home service providers.
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Business management software is offered for home service providers.
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Financing and software tools are provided to home improvement contractors.
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Software for facility management and commercial contractors is delivered.
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AI-based job distribution management solutions are provided to businesses.
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Riptide is focused on AI-driven customer advocacy solutions.
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Detailed competitors of Drillbit
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Latest news on Drillbit
Complete news archive for Drillbit
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Frequently Asked Questions about Drillbit
Drillbit was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Drillbit is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Alexander Seutin is the current CEO of Drillbit. They have also founded this company.
Drillbit is a funded company, having raised a total of $500K across 1 funding round to date.
Drillbit was founded in 2023 and is based in Wilmington, United States. An AI-based platform is operated in the home services sector, where administrative and operational workflows are automated, with emphasis on the quoting process from job requests to completion. Machine learning is utilized to streamline tasks, enabling business professionals to concentrate on core activities. Productivity is supported through workflow optimization across the industry.
Drillbit's top competitors include ServiceTitan, Jobber and BuildOps.
Drillbit offers AI Agents, Quoting Engine, Lead Management, and Integrated Payments.
Drillbit has 1 investor. Key investors include Y Combinator.